Türkiye’de Asgari Ücret ve Tüketici Güven Endeksi İlişkisi.

The International Labor Organization (ILO) defines the minimum wage as the lowest wage that must be paid for the work done and can not be reduced by collective or individual employment contracts. On the other hand, the analyses made by mainstream economics on the economic effects of minimum wage increases generally emphasize the undesirable consequences that these increases will cause in the general level of prices and unemployment rate. However, the economic effects of the minimum wage change can be called controversial issues without consensus in the economic literature. In this context, the possible effects of the change in the minimum wage on consumption have yet to be discussed in depth. This study investigates the causality relationship between minimum wage and the Consumer Confidence Index. In this sense, the Toda Yamamoto and Hatemi-J asymmetric causality tests have been used in practice. The study's main finding is that there is no statistically significant causal relationship between the real minimum wage and the consumer confidence index. However, a statistically significant causal relationship exists between the minimum wage in dollar terms and the consumer confidence index. [ABSTRACT FROM AUTHOR]